A recent press release reports, “Accenture has invested in and formed a strategic alliance with Quantexa, a leading data analytics firm that provides technology solutions to uncover new intelligence. The minority investment made by Accenture Ventures will help Quantexa accelerate the development of its AI-powered entity resolution and network analytics technology working with Accenture Applied Intelligence. The new collaboration will help clients uncover new actionable insights across multiple industry use cases including fighting financial crime. As part of the alliance agreement, Accenture plans to build new capabilities that combine its technology and risk expertise with Quantexa’s network analytics platform. The collaboration aims to develop multiple AI-enabled solutions addressing business challenges in areas including anti-money laundering, credit risk and customer insight.”

The release continues, “In addition, Accenture’s Financial Crime Analytics Utility, a data analytics-as-a-service platform, will help train and refine Quantexa’s dynamic network analytics models, allowing them to continuously adapt to emerging threats. ‘Accenture is committed to employing innovative techniques to help our clients tackle complex issues such as money laundering,’ said Adam Markson, managing director, Accenture Finance & Risk Services. ‘By investing in Quantexa and combining our expertise, we are equipping our clients with new technologies and approaches to solving the most pressing data issues. Furthermore, the strategic alliance further enhances our Financial Crime Analytics Utility, which will help prevent the movement of illicit funds that enable real world issues, including human trafficking and drug crime’.”